Waste Connections vs Waste Management: Fair Value & Quality
Both stocks run through our valuation models. Here is how Waste Connections (WCN) and Waste Management (WM) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Waste Management as the less overvalued of the two: Waste Connections trades at $166 versus a fair value of $78.46 (-53%), while Waste Management trades at $224 versus $128 (-43%).
Waste Connections
WCN · USD · Industrials
-53%
upside to fair value
overvalued
Price$166
Fair Value$78.46
Quality59/100
Waste Management
WM · USD · Industrials
-43%
upside to fair value
overvalued
Price$224
Fair Value$128
Quality56/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Waste ConnectionsWaste Management
Valuation
41.7×P/E (TTM)33.8×
4.48×P/S (TTM)3.69×
5.23×P/B9.38×
16.9×EV/EBITDA15.1×
2.71×PEG2.38×
0.8%Dividend yield1.5%
$1.33Dividend per share$3.42
Profitability
11%Net margin11%
19%Operating margin18%
13%Return on equity30%
5%Return on assets7%
Growth
6%Revenue growth (YoY)4%
9.6%Avg. growth/yr (3Y)8.6%
11.8%Avg. growth/yr (5Y)10.6%
Balance & size
1.07×Debt / equity2.22×
$43BMarket cap$94B
mixedGrowth qualityhealthy
Waste Management leads: 6 to 8 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Waste Connectionsof which business quality 58 · market factors 53Waste Managementof which business quality 54 · market factors 58
ProfitabilityMargins and returns on capital today
41
50
Quality GrowthAre margins and returns improving?
56
56
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
60
35
Low VolatilityCalm price path (market factor)
92
94
MomentumPrice trend over the last 3–12 months (market factor)
40
41
52W MomentumDistance to the 52-week high (market factor)
32
45
Net IssuanceBuybacks instead of dilution
87
85
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Waste Connections
DCF Models$92.53
Earnings-Based$71.23
Multiples$76.53
Asset-Based$21.70
Growth DCF$85.13
Economic Profit$32.07
Growth Earnings$103
23 of 24 models see the stock below the current price.
Waste Management
DCF Models$108
Earnings-Based$80.38
Multiples$127
Asset-Based$16.67
Growth DCF$95.15
Economic Profit$71.06
Growth Earnings$128
24 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Waste Connections
Bear $41.12Fair Value $78.46Bull $113
$166 = current price (white tick)
Waste Management
Bear $50.10Fair Value $128Bull $177
$224 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Waste Connections · Industrials
Quality score59 · above median
Fair value upside-53% · below median
Waste Management · Industrials
Quality score56 · above median
Fair value upside-43% · below median
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees Waste Management as the less overvalued of the two: Waste Connections trades at $166 versus a fair value of $78.46 (-53%), while Waste Management trades at $224 versus $128 (-43%).
Waste Connections has the higher quality score (59/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
